Undoubtedly, the NFT collection Lazy Lions had a great start when it launched. However, now it’s facing an uncertain future, as the Twitter NFT community is accusing the project of market manipulation.
Has Lazy Lions been manipulating the market?
Over the past few weeks, Lazy Lions has been the talk of the town – but not in a good way. Accordingly, the 10,000-NFT project has been manipulating the market using its very own Discord community. How?
Back in September, NFT investor GeeGazza posted a shocking Twitter thread exposing Lazy Lions’ alleged market manipulation strategies. The tweet included several screenshots from the project’s ‘Announcements’ Discord channel. There, we could see admins obsessively asking NFT holders to delist their assets in order to raise the floor price of the collection above 3 ETH.
What’s more, the project promised to reward each member who delisted (or listed their NFT above 3 ETH) with so-called #DIAMONDPAWS. In the same thread, GeeGazza also pointed out the Lazy Lions’ habit of shilling to virtual celebs. Below, you can see an example including the football wide receiver Dez Bryant:
Surprisingly, the Lazy Lion devs team later announced that a mysterious ‘rogue bot’ had attacked their Discord channel. Reportedly, the bot deleted all of the message histories from both ‘Announcements’ and ‘General’ channels.
As NFT investor King BlackBored believes, this might be an attempt to cover up the market manipulation tactics implemented over the past few months:
About the NFT collection
Lazy Lions was among the most successful projects to launch back in August. The 10,000 lion NFTs had sold out in just five hours, scoring 122 ETH ($380,000 at the time).
The collectibles are featuring 160 randomly generated traits such as facial expressions, mane, and clothing. Many collectors were attracted by the NFT design, which is somewhat similar to BAYC.